Gold (GBP)

CFD on the spot price of gold (GOLDGBP).

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Metal CFDMarket: Global
Currency: GBPMeasurement Unit: Troy Ounce
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Description:

Gold is an extremely popular soft metal that is traded worldwide on various exchanges – valued in terms of British Pound (GBP). For centuries, gold has been considered a primary medium for exchange and it remains a leading global currency (1 troy ounce of gold is represented as XAU).  One of the unique advantages of gold CFDs is that they can be traded 23 hours a day, almost every day of the year. Another important advantage is the metal’s high market liquidity, which allows traders to buy and sell contracts both quickly and easily. The process of determining the spot price of gold involves an estimation of gold extraction, production and existing bullions across the globe, while taking into consideration effects of economic and political events, general speculations and market behaviour, as well as the value of other currencies and commodities. Gold’s spot prices are calculated and published every few seconds during market hours.
 
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.